Adam Neumann, former WeWork CEO, has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of bankruptcy. The bid could potentially go up to $900 million pending due diligence. It is unclear how Neumann will finance the offer. The bid may make WeWork's bankruptcy proceedings more complex. The company is seeking to walk away from some of its longer-term commitments in less lucrative markets, but some of its lessors are fighting these efforts.

Companies frequently recruit seasoned product professionals with the expectation of scaling their products yet fail to grant them decision-making authority. Without this power, product managers struggle to succeed. Strategies to cope with such scenarios include shifting focus from features to outcomes, relying on data over opinions, minimizing bridging communication, and prioritizing learning over extensive planning.

Airplane, an internal tooling startup, was acquired by Airtable, who plans to shut down the product. Despite a healthy runway and happy customers, the acquisition was likely driven by the CEO's desire for a less stressful role rather than any fundamental problems with the company. Employees were given strong but not outstanding offers at Airtable with short deadlines and no severance if they declined. Ultimately, the outcome was disappointing to its employees, since the product was abandoned and strong customer relationships were damaged in the process.

Startup founders in the US imagine the range of possible scenarios and pitch the top one percent outcome. This approach matches what venture Capitalists are looking for - it's an industry based on outlier returns. While most investments will fail completely, some will make a modest return, and a small percentage will be worth a thousand times what was paid initially - these successes easily pay for all of the other failures. The downside of early-stage investing is losing 1x your money, but the upside is that you make 1,000x - this is where you should focus your attention.

This guide explores the role of pricing as a direct lever for revenue in SaaS. It highlights strategies like targeting high gross margins and establishing clear price positioning. The guide examines pricing models from ChatGPT's $20/month flat-rate plan to Stripe's transaction-based pricing and covers tactics such as tiered pricing and the Van Westendorp Price Sensitivity Meter to determine optimal price points. It also recommends continuous experimentation and iteration, sharing examples of how companies like Hubspot adjust pricing based on customer value and willingness to pay.

Sam Altman is reportedly considering making OpenAI a for-profit company that the current non-profit board wouldn't control. One possible option being considered is making the company a for-profit benefit corporation. This would mean the company will have to consider its impact on society and the environment and balance the interests of its shareholders with the interests of employees, customers, the community, and the environment. Becoming a for-profit could open up the path to an initial public offering that would give the public a chance to own its shares.

Tesla's reincorporation in Texas is an attempt by Elon Musk to loosen Delaware's grip on US corporations. Around two-thirds of S&P 500 companies are incorporated in Delaware. The state has specialized courts that handle business matters with stacks of legal precedents to address disputes. Texas offers lower taxes and a newer and less predictable business court system. The move will save Tesla about $250,000 a year in tax payments.

Figma has completed a tender offer valuing the company at $12.5 billion, allowing current investors, employees, and early stakeholders to sell their shares. This valuation follows the collapse of Adobe's $20 billion acquisition bid and involves new investments from firms like Fidelity, Franklin Venture Partners, Sequoia, and Andreessen Horowitz.

This article discusses Central States Manufacturing, a company owned by its employees through an Employee Stock Ownership Plan (ESOP). This system allows employees to own a percentage of the company, which benefits them financially as the company grows. The author argues that ESOPs are the best solution to wealth disparity and is glad that more companies are offering ESOPs.

Webflow has revamped its Webflow Experts program, now called the Certified Partner Program, to support top freelancers and agencies better. The update includes new tiers, a points-based system, a Partner Hub for managing progress, and expanded benefits. A Global Alliances program for major agencies has been introduced, enhancing collaboration opportunities.

OpenAI is restructuring its management and organization to attract major investors like Microsoft, Apple, and Nvidia while aiming for a $100 billion valuation. The company faces internal conflicts about its mission and safety practices, leading to significant staff turnover, including key researchers joining rivals like Anthropic. Despite growing revenues and user base, OpenAI grapples with balancing profit motives and ethical concerns in advancing AI technologies.

Bureaucrat mode is what happens when companies get big, scaled, and successful. People purposely implement best practices with good intentions, but these processes can make it hard to get anything done. Startups have a huge advantage over large companies in that they can move incredibly fast and just focus on output. As startups start to gain success and get bigger, they start to get bogged down with bureaucracy. This allows for newer, more nimble startups to emerge - then the cycle continues.